A Dubai-headquartered property technology (proptech) platform offering a digital alternative to paying rents by cheque or cash has teamed up with Visa and is expanding into Saudi Arabia, Kuwait, and Bahrain.
Announcing its partnership with the global digital payment provider, Ajar, a cloud-based property management and rent collection platform, said it aimed to disrupt the rental market for tenants and landlords.
Mohammed Al-Munaikh, chief executive officer of Ajar, said: “We aim to revolutionize the region’s property market through digitalization, reducing losses by maximizing efficiency.”
The plan is to eventually do away with cheque or cash rental payments and the next phase of the platform’s development will allow tenants to digitally pay landlords who are not pre-registered with Ajar.
